Skyweaver Parent Company Secures $40M Series A Funding
The round was led by Brevan Howard Digital and Morgan Creek Digital, as well as Polygon and Take-Two Interactive, among other investors.
New
Horizon Blockchain Games, the developer of the game Skyweaver, has raised $40 million in Series A funding, the company announced on October 4. The round was led by Brevan Howard Digital and Morgan Creek Digital, with additional participation from Polygon, Take-Two Interactive, Ubisoft, Xsolla, The Sandbox co-founder Sébastien Borget, Sky Mavis and Axie co-founder Infinity Alexes Larsen, among other investors.
With the funds, Horizon plans to invest in Web3 products and expand its operations. Specifically, the company wants to grow its developer stack and sequence of smart wallets, expand the content and reach of the non-fungible token (NFT) turn-based card game Skyweaver, and introduce the semi-fungible token market ( SFT) Niftyswap.
Peter Kieltyka, co-founder and CEO of Horizon, said Series A allows the company to "grow the Sequence ecosystem by bringing more builders to our platform through marketing, community and partnership".
Based on the Polygon network, Skyweaver allows players to compete against each other and earn token cards to trade through its marketplace. The game launched in February after months of testing for a limited number of players. According to the company, more than 3 million games were played in the private beta and 345,000 people joined the waitlist before it went live.
The Niftyswap marketplace is expected to facilitate SFT trading by offering on-chain liquidity. SFT is a token that can be both fungible and non-fungible. Tokens are fungible until redeemed, when they lose their value and become non-fungible. It was ...
The round was led by Brevan Howard Digital and Morgan Creek Digital, as well as Polygon and Take-Two Interactive, among other investors.
New
Horizon Blockchain Games, the developer of the game Skyweaver, has raised $40 million in Series A funding, the company announced on October 4. The round was led by Brevan Howard Digital and Morgan Creek Digital, with additional participation from Polygon, Take-Two Interactive, Ubisoft, Xsolla, The Sandbox co-founder Sébastien Borget, Sky Mavis and Axie co-founder Infinity Alexes Larsen, among other investors.
With the funds, Horizon plans to invest in Web3 products and expand its operations. Specifically, the company wants to grow its developer stack and sequence of smart wallets, expand the content and reach of the non-fungible token (NFT) turn-based card game Skyweaver, and introduce the semi-fungible token market ( SFT) Niftyswap.
Peter Kieltyka, co-founder and CEO of Horizon, said Series A allows the company to "grow the Sequence ecosystem by bringing more builders to our platform through marketing, community and partnership".
Based on the Polygon network, Skyweaver allows players to compete against each other and earn token cards to trade through its marketplace. The game launched in February after months of testing for a limited number of players. According to the company, more than 3 million games were played in the private beta and 345,000 people joined the waitlist before it went live.
The Niftyswap marketplace is expected to facilitate SFT trading by offering on-chain liquidity. SFT is a token that can be both fungible and non-fungible. Tokens are fungible until redeemed, when they lose their value and become non-fungible. It was ...
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